Mortgage Rates Drop to Lowest Levels Since February

Fed hints at potential rate cuts in September as inflation cools and economic indicators improve.

Average 30-year fixed mortgage rate falls to 6.61%, the lowest since February.
Freddie Mac reports a decrease to 6.73% for 30-year fixed-rate mortgages.
The Federal Reserve maintains its benchmark rate for the eighth consecutive time.
Experts anticipate the first Fed rate cut in four years at the September meeting.
Cooling inflation and increased housing inventory offer hope for potential homebuyers.